Sterlite Power is seeking an investment of nearly $10 billion over the next three-four years for the expansion of its business in both domestic markets as well as overseas. The company had acquired the 28.4 per cent stake that Standard Chartered Private Equity (SCPE) held in its transmission business for Rs 1,010 crore, thus owning 100 per cent stake.

The government of the state of Tamil Nadu has taken steps for setting up new power projects with a total generation capacity of 9,300 MW, at a cost of Rs 53,890 crore, Chief Minister K Palaniswami said.

EPC or turnkey construction contracts enable construction works of large-scale and complex infrastructure projects, where a contractor is obliged to deliver the complete facility to a developer who needs to only turn a key to start operating the facility.

The board of directors of SmartCity-Kochi, a joint venture IT SEZ between Tecom Investments, a subsidiary of Dubai Holdings, and Kerala government, has appointed Manoj Nair as the new chief executive officer (CEO).